NuScale Power (NYSE: SMR) went public in May 2022 through a merger with a special purpose acquisition company (SPAC). It was an unknown stock, though, and even tumbled 69% in 2023. This year, NuScale Power has emerged as one of the top-performing stocks, thanks to a 255% rally in the first half of 2024.

If you'd invested $10,000 in NuScale Power stock one year ago, your money would be worth nearly $14,700 today. At the stock's all-time high price on July 15, your investment would have been worth almost $21,500. In short, your money in NuScale stock would have more than doubled in less than a year!

NuScale stock's rally has little to do with numbers and more about an upbeat sentiment for nuclear energy.

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Source Fool.com